STANDARD LIFE'S investment chief, Keith Skeoch, yesterday declared the bull market in shares had returned, as it emerged the life insurer had made a "tactical switch" into equities in June, says the Daily Telegraph .
Skeoch's view carries weight because he was one of those who predicted a global recovery in share prices in the aftermath of the 1987 stock market crash.
Standard Life Investments controls 1.8% of Britain's stock market, managing £106bn - according to current market valuations - on behalf of Standard Life's insurance policyholders and external clients.
ECONOMIC CONFIDENCE among the UK's best-performing fund managers has fallen for the first time in nearly three years, writes The Scotsman.
However, the good news for investors is they remain confident when it comes to corporate profitability and stock market valuations.
For the first time since January 2003 when it began, the Citywire "AAA" Fund Manager Confidence Index for September has reported falling economic growth expectations, according to the paper.
In a month that saw chancellor Gordon Brown's growth estimates come under attack from all sides, there was a marked reduction in the proportion of managers expecting a rise in the rate of economic growth from 25% to just 11%, and those expecting a fall increased from 56% to 61%.
LONDON’S ECONOMY has slowed sharply since the beginning of the year but its weakness has been offset by stronger growth in Wales and Scotland, suggesting a regional rebalancing of the economy may be under way, reports the Guardian.
The latest quarterly regional survey of manufacturing and service sector businesses shows all areas are still managing to grow with the exception of the East Midlands, which contracted for the second quarter running. The survey was carried out by consultants NTC for Royal Bank of Scotland.
London's economy is shown as growing at its slowest rate in more than two years, dragging it down to third place in the regional league table. In the previous three surveys the capital was ranked top. It was also the sharpest deceleration of any region this year.
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